Environmental and Social Responsibility
LAAD is committed to ensure that the projects we finance meet the environmental and social standards, laws, and regulations in each of the countries where a project is located. Depending on the type of project, size, and impact, we may assess project compliance to international environmental and social standards. We review each project's environmental and social impact and compliance as part of our project approval process, and we monitor ongoing compliance during frequent project visits and supervision. We have a written Environmental and Social Policy, and a dedicated Environmental Compliance Officer on our Senior Management Team who coordinates and oversees implementation of our Policy.
With very few exceptions, LAAD finances clients that export all or part of their products to international markets. To remain competitive in these markets our clients carry health, safety, environmental and social certification from government or independent agencies such as SENASAG (Bolivia), EuroGAP, GAP-USA, Wood Stewart Council, Fair Trade, Sello Verde (Ecuador); Servicio Agricola y Ganadero (SAG) (Chile), Las Buenas Practicas Agricolas (GAP-USA), Euro-GAP (Europa), and the USDA and the FDA (USA). Whenever possible, we encourage our clients to seek independent certification and we may also provide financing to help fund farm improvements required to meet certification standards.